2024-05-26 12:33:08
Protectionist measures by the USA and different Western international locations are stopping the introduction of probably the most superior applied sciences, which is able to come again to hang-out the renewable vitality sector.
As Day.Az experiences close to TASS, this was acknowledged by the pinnacle of the Chinese language firm Arctech Photo voltaic Zhou Shijun in an interview with the Monetary Occasions (FT).
The top of one in all China’s largest photo voltaic gear teams has referred to as on Western governments to “let the very best expertise win.” In his opinion, the trade is negatively affected by “geopolitical tensions.”
China accounts for greater than 80% of worldwide photo voltaic vitality manufacturing, the FT notes, the results of years of presidency funding, intense home competitors and fast progress in home demand for inexperienced applied sciences lately.
Final week, the US sharply elevated tariffs on Chinese language imports, together with electrical autos and photo voltaic panels. In keeping with the White Home, the measures are supposed to “encourage China to get rid of unfair commerce practices associated to expertise switch, mental property and innovation.” We’re speaking about duties within the quantity of $18 billion.
Chinese language International Minister Wang Yi referred to as unilateral US sanctions and elevated tariffs on items from China an instance of “typical bullying and outrage within the fashionable world.”
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